The Foreign Corrupt Practices Act:
a. applies exclusively cases of financial misrepresentations made by foreign corporations that have entered into contracts with U.S. corporations.
b. prohibits U.S. corporations from entering into contracts with foreign corporations.
c. applies exclusively to foreign corporations in the U.S.
d. prohibits U.S. corporations from bribing public officials of foreign governments.
ANSWER: d
The Foreign Corrupt Practices Act (FCPA), was enacted because Congress was concerned about U.S. corporations' use of illegal payments and bribes in international business dealings. This act prohibits U.S. corporations from making illegal payments to public officials of foreign governments to obtain business rights or to enhance their business dealings in those countries.
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The basic steps of the rulemaking process were set forth in the:
A. Congressional Review Act. B. Sherman Antitrust Act. C. Administrative Procedures Act. D. Emergency Economic Stabilization Act.
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